Certificates of Deposit (CDs)

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Multiple Choice

What is a Certificate of Deposit (CD)?

  1. A type of savings account that offers a fixed interest rate for a specified period of time.
  2. A type of checking account that offers a variable interest rate.
  3. A type of investment account that allows you to buy and sell stocks and bonds.
  4. A type of loan that allows you to borrow money from a bank or credit union.
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